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Q74 Single choice

A risk manager is conducting a qualitative risk analysis for a renewable energy project that faces tight deadlines. The team identifies risks such as weather unpredictability, material cost fluctuations, and potential regulatory delays. While some members advocate prioritizing high-likelihood risks, others emphasize addressing unlikely but high-impact risks.

What should the risk manager do?

A
Focus on high-probability concerns first to proactively address the most immediate threats.
B
Delegate the assessment of lower-priority concerns to team leads while addressing critical ones.
C
Evaluate all identified concerns and consider likelihood and impact to prioritize the concerns effectively.
D
Prioritize uncertainties that align closely with the project's primary deliverables.

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